Buyers snap up homes in record breaking times
August 20 2021
With Spring predominantly being the normal boom season for property listings, it’s safe to say we’re in anything but normal times, and recent results are suggesting buyer demand is holding strong leading into Spring.
Auction clearance rates are holding up well in Queensland with an 81 percent clearance rate according to realestate.com.au. There is no shortage of qualified buyers in the market coming from southern regions of Australia wanting a piece of the Queensland and Northern NSW paradise.
While this time last year, physical inspections for properties were restricted, this year the industry as a whole is much more prepared for disruptions of snap lockdowns.
With the FOMO-fuelled frenzy still strong, demand for quality homes is yet to subside. Some agents are suggesting they are receiving multiple enquiries for stock and the message is crystal clear. “Properties will sell if they are listed now”, according to Michael Kollosche.
Stand out sales with quick turnarounds saw the magnificent property at 27 Namatjira Court, Broadbeach Waters sell under the hammer site-unseen for $5,415,000 on Wednesday by agent Jamie Harrison. The prestige property was sold to an Australian expat family returning from Singapore while in quarantine. This was the most viewed property for August thus far with the highest generation of leads on the Gold Coast. The second highest viewed property in Queensland and the third highest viewed property in all of Australia on realestate.com.au since listed.
More exceptional results were achieved amongst the Kollosche team including the sale of the charming Queen Ann style home at 30 Grandview Terrace, Tallai. The property recently sold site-unseen in only five days on the market, for $1,750,000 with great team work by Brad Coyne and Cooper Markovitch. Similarly, an out of state purchaser secured 2902/272 Hedges Avenue, Mermaid Beach for $3,900,000 sold off the plan by Rob Lamb and Danny Stanley.
Now more than ever, agents and vendors are embracing technology to enhance the auction experience at both live and virtual auctions and with an increase in off-market and site-unseen properties being snapped up, it’s shaping up to be a hot Spring season.
If we can assist with any real estate needs, please do not hesitate to reach out to one of our team members.